Calls for reining in astronomical salaries for corporate head honchos notwithstanding, the number of top management personnel getting a pay package running into crores of rupees has crossed the century mark, and the data flow has just started.
Out of more than 4,500 listed companies in the country, about 175 entities have so far disclosed the last pay package for their CEOs and other top management personnel, which includes 60 companies having paid in crores to one or more of their top executives.
So far, there are 105 top management personnel who were paid annual remunerations in crores of rupees during the last fiscal, ended March, 2010, or December, 2009.
The list is topped by media baron, Mr Kalanithi Maran, and wife Ms Kaveri Kalanithi, with a total remuneration of over Rs 37 crore each in the fiscal ended March, 2010. This is despite the two capping their collective salary at Rs 74.16 crore, about 22 per cent below their entitlement of Rs 94.8 crore for the year.
Mr Maran, the managing director of Sun TV Network, and wife Ms Kaveri, the joint MD, opted to limit their remuneration for 2009-10 to Rs 74.16 crore, the same paid to them last fiscal.
The list also includes Reliance Industries chief, Mukesh Ambani, who despite taking a voluntary pay cut, still manages to figure in the list with Rs 15 crore. — PTI